Author: Max Bauer

Incoming Charles Schwab CEO Rick Wurster revealed the company’s intentions to offer direct cryptocurrency trading, pending regulatory adjustments expected under the incoming Trump administration. This announcement coincides with Bitcoin reaching a new all-time high. In a recent interview, Wurster outlined Schwab’s three main priorities: client growth, delivering reliable service and technology, and enhancing scale and efficiency. He acknowledged the uncertainty surrounding the future of cryptocurrencies like Bitcoin and Ethereum, particularly in light of the recent surge in Bitcoin ETF activity and the influence of major players like BlackRock. While Schwab clients currently have access to crypto exposure through ETFs, Bitcoin…

Former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, affectionately known as “Crypto Dad,” has emerged as a leading candidate for a potential “crypto czar” position within a new Trump administration, FOX Business has learned. This position, currently under consideration by the Trump transition team, aims to promote growth within the burgeoning $3 trillion digital asset market. Giancarlo, a seasoned lawyer who headed the CFTC during Trump’s first term, has been an active member of the transition team both before and after the recent election. Trump’s platform resonated with voters by promising a more regulatory-friendly environment for cryptocurrencies and blockchain…

Securities and Exchange Commission (SEC) Chair Gary Gensler, known for his ambitious and often controversial regulatory agenda, will step down from his position on January 20th. His departure marks the end of a tenure marked by significant policy changes that have drawn both praise and fierce opposition from Wall Street and the cryptocurrency industry. In a statement released Thursday, Gensler praised the SEC as a “remarkable agency” with a “deeply mission-driven” staff focused on investor protection and efficient capital formation. Gensler’s exit leaves the SEC in the hands of an acting chair, likely to be either Republican Commissioner Mark Uyeda…

Weeks after the HBO documentary “Money Electric: The Bitcoin Mystery” controversially pointed the finger at developer Peter Todd, filmmaker Cullen Hoback stands firm in his assertion, despite widespread backlash from the Bitcoin community. The documentary’s climactic “reveal” ignited immediate criticism. Crypto experts labeled the claim “foolishness” and “dangerous,” while Todd himself dismissed it, stating, “For the record, I am as Satoshi as you are.” However, Hoback remains unconvinced by Todd’s denials. “The evidence simply led me to Todd,” he insists, suggesting that Todd’s rebuttals are a deliberate attempt to maintain Satoshi’s anonymity. Hoback further claims that Todd “has done an…

The U.S. Securities and Exchange Commission (SEC) is reportedly making progress in discussions with issuers interested in launching a Solana (SOL) spot exchange-traded fund (ETF). According to cryptocurrency journalist Eleanor Terrett, the SEC has begun engaging with issuers on their S-1 registration statements—a key step in the ETF approval process. Two sources familiar with the matter indicated that there’s a “good chance” exchanges could soon file 19b-4 forms on behalf of prospective issuers, marking the next phase toward approval. Filing these forms would formally request the SEC to allow exchanges to list the proposed Solana ETFs. Once the SEC acknowledges…

Pharmaceutical company Acurx Pharmaceuticals announced Wednesday that its board has approved the purchase of up to $1 million worth of Bitcoin to be held as a treasury reserve asset. This decision follows a trend initiated by MicroStrategy in 2020, and signals growing corporate interest in Bitcoin as a treasury asset. Acurx’s stock price saw volatile movement following the announcement, initially spiking by approximately 8% in premarket trading before closing down over 6%. CEO David P. Luci justified the move in a statement, citing Bitcoin’s growing demand and acceptance as a major asset class. He emphasized Bitcoin’s “limited supply and inflation-resistant…

According to Bloomberg, President-elect Donald Trump’s transition team is reportedly in discussions with the digital asset industry to potentially establish a dedicated White House position focused solely on cryptocurrency policy. This unprecedented move would mark a significant step for the burgeoning industry and highlight its growing influence in Washington. Sources close to the transition efforts indicate that the Trump team is actively vetting candidates for this potential role, which could take the form of a senior staff position or a “crypto czar” responsible for overseeing policy and regulation across various federal agencies. Crypto industry advocates are reportedly pushing for the…

Ripple CEO Brad Garlinghouse recently accused the Biden administration of waging an “unlawful war” on the cryptocurrency industry. In an interview, Garlinghouse expressed optimism about the future of crypto under a Trump administration, citing Trump’s more favorable stance towards digital assets. Garlinghouse highlighted Ripple’s focus on cross-border payments, utilizing its digital asset XRP to facilitate faster and cheaper transactions. However, he lamented the hostile regulatory environment in the US, which he believes has stifled Ripple’s growth within the country. He pointed to a lawsuit filed by the SEC four years ago regarding XRP’s classification as a security, which has deterred…

Apple users, particularly those with Intel-based MacBooks, are urged to update their operating systems immediately following the discovery of two actively exploited zero-day vulnerabilities. The warning comes as former Binance CEO Changpeng Zhao, commonly known as CZ, took to social media with a stark message: “If you use a Macbook with Intel based chip, update asap! Stay SAFU!” Apple confirmed the active exploitation of these vulnerabilities in a security advisory released on Tuesday. The vulnerabilities, identified by Google’s Threat Analysis Group (TAG), affect both macOS and iOS systems, prompting Apple to release urgent security updates: iOS 18.1.1, macOS Sequoia 15.1.1,…

Coinbase, one of the world’s leading cryptocurrency exchanges, has announced it will list Floki Inu (FLOKI). Trading for FLOKI on the Ethereum network (ERC-20 token) is scheduled to begin on or after 9:00 AM Pacific Time on November 21, 2024, provided liquidity conditions are met. Coinbase emphasized the importance of using the correct network, cautioning users against sending FLOKI via other networks to avoid potential loss of funds. The official ERC-20 contract address for FLOKI is 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e. Initially, trading will be available on the FLOKI-USD pair, rolling out in phases as sufficient supply of the asset is established. Coinbase also…